U.S. Senate Advances Stablecoin Regulation Bill
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The U.S. Senate is accelerating efforts to pass the GENIUS Act, a landmark bill establishing federal oversight for stablecoin issuers. Majority Leader John Thune initiated expedited procedures to minimize delays, signaling bipartisan support after the Senate Banking Committee’s overwhelming approval.
This legislative push marks Congress’s first serious attempt to regulate cryptocurrencies at the federal level. The House is expected to follow suit with parallel legislation, creating potential regulatory clarity for dollar-pegged digital assets.
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